Wednesday, 26 July 2017

Kemi Adeosun, EFCC Reveals How Much FG Has Paid Whistle-blowers

Kemi Adeosun, EFCC Reveals How Much FG Has Paid Whistle-blowers

Nigeria’s Finance Minister, Kemi Adeosun has revealed how much the Nigerian government has paid out to whistle blowers in the heightened fight against corruption in the country.

Anti-graft agency, Economic and Financial Crimes Commission, EFCC, made this known in a circular released urging Nigerians to come forward with more information regarding people suspected to have been involved in corrupt practices.

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The Economic and Financial Crimes Commission, EFCC, revealed that the whistle blower policy which was brought into action by the Muhammadu Buhari-led administration leading to the recovery of several billions of naira has paid out a total of N325 million to persons with valuable information leading to the recovery of illegally obtained money.

Kemi Adeosun, EFCC Reveals How Much FG Has Paid Whistle-blowers


Recall that the Nigerian Information Minister, Alhaji Lai Mohammed had in April stated that whistle blowers will receive 5 per cent of the amount recovered between 1 and 5 billion naira from the suspected corrupt persons.

He further explained: “For example, if a whistle-blower provides information leading to the recovery of 10 billion Naira, he or she will receive 5% of the first 1 billion Naira, 4% of the next 4 billion Naira and 2.5% of the remaining 5 billion Naira.

“What we have done by making this information public is to reassure potential whistle-blowers that the plan to reward is real. We are not just saying we will pay all whistle-blowers, but we are letting them know in advance what they are entitled to, once the information they provide leads to the recovery of looted funds.”


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